Cerebras Systems, a tech startup focused on developing high-speed AI hardware for training and inference, has announced its intention to go public. CEO Andrew Feldman describes their technology as the fastest in the industry. Previously, the company filed for an initial public offering (IPO) in 2024; however, this was stalled due to a federal review concerning an investment from G42, an Abu Dhabi-based firm, ultimately leading to the withdrawal of that application. Last year, Cerebras achieved a significant milestone, securing $1.1 billion in a Series G funding round at a valuation of $8.1 billion.
Recently, Cerebras has expanded its partnerships, having secured a significant agreement with Amazon Web Services to integrate its chips into Amazon’s data centres. Additionally, the company established a multi-year cooperation with OpenAI, reportedly valued at over $10 billion, underscoring its competitive position against industry leader Nvidia. Feldman highlighted this competitive edge in a recent interview with the Wall Street Journal, boasting how Cerebras managed to take over the fast inference business that Nvidia hoped to maintain with OpenAI.
Financially, Cerebras reported impressive earnings in 2025, with revenues amounting to $510 million and a net income of $237.8 million. However, when adjusted for certain exceptional items, the company recorded a non-GAAP net loss of $75.7 million. The specific amount that Cerebras aims to raise through its upcoming IPO has not been disclosed. According to a spokesperson, the IPO is targeted for mid-May. This venture signals a pivotal moment for Cerebras as it seeks to establish its presence in the public market while continuing to innovate within the rapidly evolving AI hardware landscape.
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